PETALING JAYA - Malaysia's former central bank governor Zeti Akhtar Aziz and former minister in the Prime Minister's Department Nor Mohamed Yakcop are being investigated over ties to 1Malaysia Development Berhad funds, according to a local media report.
The matter came to light when the MACC sought to recover 1MDB's assets both locally and abroad involving several"big names" associated with sovereign wealth fund. "The involvement of these individuals was identified when the Commercial Affairs Department of Singapore on Nov 12 returned the money belonging to the former CEO of SRC International Sdn Bhd, Nik Faisal Ariff Kamil, to the Malaysian government through the Asset Recovery Trust Account of the Finance Ministry worth RM3,617,513.91," it added.
On the investigation on Ms Zeti and Tan Sri Nor Mohamed, the source said the MACC is investigating allegations of misconduct, with the report noting that every investment involving 1MDB funds at that time was definitely done with Mr Nor Mohamed's knowledge.
What's the reason? Could it be officers holding senior positions are not paid enough? Did LKY made a wise decision to peg civil servant pay to private sector?
It'll haunt them till the end of them...
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